Custodian services transition at Truist, impact on plan assets
City of CharlottesvilleCity · Charlottesville, VA- Document date
- Aug 27, 2025
The 30-second brief
Truist has sold its custodial business to Prudential (later clarified as Principal Financial Group), impacting the custodial services for the Defined Benefit plan assets. Jason will update the commission
Truist Financial Corporation holds this custodial services contract with City of Charlottesville. Its other public contracts on record include work for Pamlico County and Abington SD.
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Contract details
- Contract type
- Custodial Services
- Document date
- August 27, 2025
- Term
- NA
- Agency
- City of Charlottesville
- Source document
- retirement-commission-meeting-minutes-august-27-2025_53a.pdf (Minutes)
Truist Financial Corporation's other public contracts
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Questions about this contract
Who was awarded the custodial services contract by City of Charlottesville?
Truist Financial Corporation was awarded this custodial services contract by City of Charlottesville, as recorded on August 27, 2025.
What type of contract is this?
This is a Custodial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in retirement-commission-meeting-minutes-august-27-2025_53a.pdf (Minutes), dated August 27, 2025 from City of Charlottesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Truist Financial Corporation hold?
Truist Financial Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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